Suppose that a phone originally sold for $800 loses 3/5 of its value each year after it is released. After 2 years, how much is
1 answer:
After 2 years value of the phone is $128. option C
Step-by-step explanation:
Given,
Original price of the phone = $ 800
Each year it loses of its value.
To find the value of phone after 2 years.
In 1st years
The value of the phone is= $800 - (800×)
= $ 800-240 = $ 320
In 2nd year
The value of the phone is= $320 - (320×)
= $ 320 - 192 = $ 128
Hence,
After 2 years value of the phone is $128.
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